During the pandemic of Covid-19 Employees’ Provident Fund Organisation has taken multiple steps to support its subscribers, particularly those who want to make withdrawals from the PF such as the settlement of Covid19 advance claims and facility to make multiple claims. Subscribers are permitted to withdraw capital from their EPF fund as per the organisation. But when it comes to withdrawal one must ensure that he / she has submitted correct bank account details to the organisation.
In case you have submitted incorrect bank details to the organisation, you can update the same by visiting the EPFO portal. Just you need your 12-digit Universal Account Number (UAN) to update your bank details, and it can be also used for the transfer of funds, withdrawals and check PF balance. So, go through the following steps to update the bank account details of your EPF account online without leaving your comfort.
Step 1: Visit EPFO’s member portal and login to your account by using the login credentials.
Step 2: Now under the top menu, click on the ‘Manage’ option.
Step 3: Now under the drop-down menu, click on the ‘KYC’ option and select ‘bank’ as the document type.
Step 4: Now enter your correct bank details and then click on ‘Save’ to proceed.
Step 5: Once the bank details are uploaded and saved you can see the same under the ‘KYC pending for approval’ option.
Step 6: Now submit the required documents to your employer for verification.
Step 7: Once your documents are verified by the employer, you can see the status under the ‘Digitally Approved KYC’ section and also you will get a successful approval SMS on your registered mobile number.
Goodreturns.in
7 Things You Must Consider While Making Withdrawal From EPF Account
NPS vs EPF: Which Is The Best Ideal Option For Your Retirement?
4 Ways to Check EPF Balance
Govt Notifies Lowest Rate In 5 Years Of 8.55% For EPF Subscribers For 2017-18
EPFO Contribution To Revert To Earlier Levels From August
Govt Extends 24% EPF Contribution Under Atmanirbhar Bharat To 3 More Months
Does Relaxed EPF Deposit Rules For Employers Lead To Loss Of Interest Earned?
Short Of Cash And Have To Deposit Your Insurance Premium-EPF Can Come Handy
EPF Interest Rate For FY20 Could Be Revised Lower To 8.1%: Report
Now EPF Claim Settlement Possibe From Any Of Its Regional Offices
5 Cheaper Alternatives To Personal Loans Amid COVID-19
EPFO Is Processing EPF Pandemic Advance Facility In 3 Days
Source: sea.operanewsapp.com
